Member Info for WolfofWarks

We don’t even have a class action system in the UK. Too many John Grisham novels perhaps.

I like the idea that a small populous of retail holders make up a large activist portion of the cinema going market.

Elvis - despite what Ian Harding tells me the institutions pretty much bailed out at the first sniff of chapter 11.

The flip side to that is being in so many shares that you couldn't possible be knowledgeable or fully researched on all of them unless you literally have nothing else to do. Unless you're extremely passive on all of them in which case would you go to the trouble of posting on a forum?

There won't be a liquidation here because without the debt there is a money making business underneath if the full recovery happens or cinema can be reimagined.

Debenhams was a clapped out of touch department store which couldn't compete with online, wasn't cool and was bound by stacks of long dated leases which it created itself when it sold all the stores it owned and leased them back on rubbish terms just to try and solve short term liquidity issues.

Hi Imulhare - I don't think it will be up to Mooky, it'll be up to the Ad Hoc group.

Always check your source for data. A lot of these sites are algorithmic.

He’s closing cinemas though as and when they are relinquished from their leases. Jobs will be lost.

Mike Ashley is absolutely savage but brilliant at making money.

Tegop even if it breaks even it’s not going to be to such as extent that it can comfortably live with a $6bn debt pile.

There were many attempts to save Debenhams, it didn’t happen over three days. That was just the final nail in the coffin.

John Lewis will be next.

Tegop - what are you basing this theory on? The longer this goes on the more likely the DIP cash will run out. Remember it’s only forecast to last till early summer.

‘C7 liquidation did not happen and the longer it takes, the lower the chances we get zero.’

For those going on about about Debenhams its IP was purchased out of administration by Boohoo who are using it as a market place.

Be careful drawing parallels these two situations are not the same. Cineworld are in a C11 process and CS was effectively bailed out by the Swiss government through UBS.

What will bring about the end of the war do you think? With Xi Ping popping over to Moscow for the next three days and Putin driving round Mauriopol like some Uber driver I don't think this is anywhere near ending. Even if it does end does that mean the sanctions end? The UK Gov had RA in their sites long before COVID.

Make it - the bond holders here are the ad hoc group who have first lien and will ultimately decide the fate here.

It is not the same as the CS situation which is basically a central bank bailout.

So you honestly believe the Saudi’s have bent over here?

They’ll be some government skullduggery, just like HSBC buying the SVB London branch over the space of a weekend.

All most likely underwritten by BOE and SNB in the case of Credit Suisse.

After Lehman Bros no big bank will be allowed to fail again, the repercussions are too dangerous.

I’d be amazed if they bought out the PIs.

Yeah I was to say the same thing, Investors value free cash flows rather than book value of assets.

LTH - Mooky still holds those shares. Collateral doesn’t mean the shares are transferred just that in the event of his loan repayments hitting the fan they could take the shares off him.

We would certainly know if 20% of the company was available for shorting.

That chap who used to post the daily updates would be creaming his pants.

They're all listed at the start of the first day presentation Ian. I must have told you twenty times by now.

Yet you still believe one of the landlords has first lien.

They're all asset managers Ian. They are all handing clients cash.

CS isn't your average retail bank.

That's not CW's info though.

How are you working out the profit per movie? Are you talking gross profit?

I love the way Ian still thinks that hedge funds are funded by banks.

it's kinda sweet.

Tegop - how are you figuring out profit per movie is higher?

Cineworld don’t release this information as far as I am aware.

Get involved Shave. The more the merrier, especially if you've got something decent to say.

Not too sure if this board is any different to any others tbh.

Tegop - how much of that $1bn accrues to CW?